Pieces of Iowa’s Past, March 12, 2008

Pieces of Iowa’s Past, published by the Iowa State Capitol Tour Guides weekly during the legislative session, features historical facts about Iowa, the Capitol, and the early workings of state government. All historical publications are reproduced here with the actual spelling, punctuation, and grammar retained. March 12, 2008 THIS WEEK: University of Iowa Historic “Income Fund

Issue review : impact of federal income tax changes on Iowa general fund revenue.

Iowa law allows taxpayers to deduct federal income taxes from income prior to calculating state income tax liability. Due to the federal tax deduction, changes to federal income taxes enacted by Congress directly and automatically impact Iowa's revenue stream. While this issue is present every year, the impact on the budget process has been more pronounced over the past three years as federal tax reductions enacted during the early 2000s were set to expire, were extended, and are now set to expire again. This issue review examines federal deductability and the related issue of federal conformity.

Retirement Investors' Club Plan Document; Fund Fees Comparison, 2005

The Retirement Investors’ Club (RIC) (also referred to as 457/401(a) deferred compensation) is a voluntary retirement savings program designed to help you meet your need for income at retirement and lower your current income taxes. Your contributions to RIC are automatically withdrawn from your paycheck and you are credited with an employer match. You may enroll*and make changes at any time. Other advantages are explained below…keep reading about this excellent employee benefit!

Issue review : income surtaxes.

School districts can use income surtax as a replacement for local property taxes to fund specific, discretionary education programs. This issue review provides an overview of the local income surtax and the potential impact of allowing other local governments to replace property tax with income surtax.

Status Report Of The UI Trust Fund, 2001

Status report of UI Trust Fund for Iowa Workforce Development

Status Report Of The UI Trust Fund, 2002

Status report On the Iowa Unemployment Compensation Trust Fund for Iowa Workforce Development

FY 2003 Revolving Fund Purchase Order Report, Iowa Department of Transportation, 2003

Report written by Iowa DOT to Auditor Office about revolving fund purchase order.

FY 2002 Revolving Fund Purchase Order Report, 2002

Revolving fund for Iowa Department of Transportation.

Biodiesel Fuel Revolving Fund Expenditures, Iowa Department of Transportation, January 2003

Biodiesel Fuel Revolving Fund Expenditures for Iowa Department of Transportation

Review of Alternative Distribution Methodologies for the Street Construction Fund of the Cities, December 26, 2003

Review of Alternative Distribution Methodologies for the Street Construction Fund of the Cities

Biodiesel Fuel Revolving Fund Expenditures Fiscal Year 2003 Report, Iowa Department of Transportation, January 2004

Report of expenditures from the biodiesel fuel revolving fund for biodiesel fuel used in Iowa Department of Transportation vehicles.

A-1A Supplemental Security Income Program, January 2004

Monthly report from the Iowa Department of Human Services on Supplemental Security Income Program (SSI).

Evaluation of the State Highway System and Road Use Tax Fund (RUTF), 2003

This report was prepared by a committee of city, county and state representatives. The committee met throughout 2002 with the purpose of reviewing and making recommendations to improve the efficiency and operation of Iowa's road and street system. This report is referenced in SF 451 and in Code Section 306.8A.

A-1A Supplemental Security Income Program, February 2004

Monthly report from Iowa Department of Human Services on income.

A-1A Supplemental Security Income Program, March 2004

Monthly report from the Iowa Department of Human Services on Supplemental Security Income Program (SSI).